Wednesday, July 28, 2010

I found a huge opportunity to save money last week. Every 2 years I pay a company to seal my driveway, but I have noticed that many of my neighbors do thier own. I researched it and found that I can save a LOT of money doing it myself. I went to the local hardware store and bought the sealant and a roll on brush and went to town. It was surprisingly easy, although I don't think I did quite as good a job as the professionals. Still, it looks pretty good and I saved a whopping $120 ($60 for the project)! Unfortunately the paint roller broke and I had to buy another one. And then I ruined my pants so I had to buy new ones. At first I was very annoyed as this was going to cut into my profits, but in the end I found some unbelievably cheap $3.50 pants that are really good quality. They were so great I bought two! In the end I made $62.97 for the project. This puts me slightly ahead of the pace to meet my deadline of October 1st.

Wednesday, July 7, 2010

I had to drive my wife to class today and grumbled a bit when I had to pay $1.50 for parking. Then she bought a drink and the vending machine short changed her by a quarter. Grrr.... What could possibly happen to us next? Well I looked over and saw a crisp new $10 bill sitting on the ground. Suddenly I didn't care that we just lost $1.75. I added it all to my stake since found money is fair game. 6.25% closer to the end of step 16! I also checked my doubling bank account and found that I had made 2 cents in May and 6 cents in June. Not much but it is PASSIVE income, which is the best kind!

Thursday, July 1, 2010

I didn't realise that so much time has gone by since I completed step 15. One entire month! I was on vacation for some of it though, which is part of the reason I wasn't setting a due date. I didn't want to consider myself on the clock while I was trying to relax. The vacation is now done, so I will put my standard 3 months due date on, which means I need to complete step 16 by October 1st, 2010. I did make two purchases before my vacation that were not recorded. Firstly, I purchased a pair of pants for an unbelievable price of $3.50. These are used pants, but they are in good condition. I don't think I can use the base price of $20 like the last pair of pants since they are used and may wear out quicker, so I will half it and say they're regularly $10 for a savings of $6.50. Halfing that according to the rules for coupons/sales, etc. gives a profit of $3.25 to the project. I also bought 4 more jars of Ragu on sale for $0.99, for a savings of $3.20/2=$1.60 So that is $4.85 for the project. I'll need to do better than that at this level.

Project Net Worth

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